Taxpayer Identification Number - TIN

Filed Under: ,
Dictionary Says

Definition of 'Taxpayer Identification Number - TIN'


A number that is assigned to a tax paying businesses for identification and record keeping purposes. The TIN number allows the IRS to keep track of all taxpaying entities and manage their accounts. Corporations, estates and trusts must file their taxes under this number each year.

Investopedia Says

Investopedia explains 'Taxpayer Identification Number - TIN'


For firms, the TIN number is their Social Security number equivalence. For corporations, this number is their EIN (Employer Identification Number). Estates, trusts and partnerships use EINs as well.



comments powered by Disqus
Hot Definitions
  1. Closed-End Fund

    A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
  2. Payday Loan

    A type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post-dated personal check in the amount they wish to borrow plus a fee in exchange for cash.
  3. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  4. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
  5. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
  6. Private Equity

    Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
Trading Center